FAQs - 1040WORKS INCOME TAX SOFTWARE

Does 1040Works import K-1s?

Yes, 1040Works can import K-1s from 1041, 1065 and 1120S systems into a 1040 return. While in the 1040 return select the K-1 Received form. Click the Import K-1 button and select the K-1 you wish to import.

Can I convert returns from another software package into 1040Works?

Yes, 1040Works allows easy, online conversion from other software packages. Convert returns online here.

Can I import Excel spreadsheets into a client's return?

Yes, 1040Works imports information from Excel into the schedules inside client returns. While in a simple or super grid select the Tools menu and then Import Excel spreadsheet.

Does 1040Works allow me to set up secure folders that only I can access?

Yes, 1040Works includes a security feature that allows you to create secure folders, limit access to manage reports, invoice settings, etc. Refer to the Security section of the Reference Manual for complete details.

Can I generate intuitive reports for my needs?

Yes, 1040Works includes a Client Management tool that allows you to build many unique reports. Simply click the "Mgmt" button, select Reports, and you are on your way to creating a myriad of reports! Refer to the Management Reports section of the Reference Manual for complete details.

Does 1040Works allow me to print blank tax forms?

Yes, 1040Works includes a Form Filler library containing thousands of tax forms and a typewriter feature that allows you to enter data and print less common tax forms. Select Forms on the menu bar and then Form Filler to access this feature.

Can I get my 1040Works upgrades from the Internet?

Yes, 1040Works online upgrades compare your computer file dates with upgrade files, and downloads only what is necessary. Select Installations on the menu bar and then Upgrade Systems to access this feature.

If I only need to do a small number of tax returns for a certain system, is a discounted package available from 1040Works?

Yes, 1040Works has developed a PUP, Per Unit Processing system, allowing you to pay as you go. Contact your sales representative for more information on this feature.

The individual AMT law, intended in 1969 to affect only the wealthy, has not been updated to account for inflation. It is now affecting 21 million middle-income earners – exemptions for this demographic have expired. Congress is currently debating re-authorizing these exemptions, so the law is in limbo. Once the law is approved, the IRS could take seven weeks to start processing returns, delaying refunds for those who file early.